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Among its clients are Columbia Threadneedle Investments, Standard Life Investments, Calthorpe Estates and Wesleyan.

The practice employs 205 people, who will all join Savills with immediate effect, and is led by managing director Simon Farrant alongside head of property management Catherine Gabriel and head of agency Stephen Benson.

The Savills and GBR Phoenix Beard teams in Birmingham will relocate to a new combined office in due course following the undisclosed deal and the name GBR Phoenix Beard will be lost.